SEC's Schapiro: Flash Crash Reforms Are Coming

U.S. securities regulators are still mulling over numerous possible reforms to market structure in the wake of the May 6 flash crash, Securities and Exchange Commission Chairman Mary Schapiro said Friday.

Schapiro said the agency is looking at a variety of areas, from new market-making obligations for high-frequency traders to new limit up/limit down trading parameters.

"We are examining trading or other obligations that might be required of today's de facto market makers: the high-frequency traders," said Schapiro during remarks at SEC Speaks, a conference hosted by the Practising Law Institute. "We are asking if these firms should be subject to an appropriate regulatory structure, including with respect to their quoting and trading activities."

U.S. securities regulators are still mulling over numerous possible reforms to market structure in the wake of the May 6 flash crash, Securities and Exchange Commission Chairman Mary Schapiro said Friday.Schapiro said the agency is looking at a variety of areas, from new...